INTC is trading at $85.14 (3.15% up), extending its historic April 24 rally fueled by a massive Q1 earnings beat and a landmark AI chip partnership with Tesla.
- Intel crushed Q1 2026 expectations with $13.58B in revenue and a non-GAAP EPS of $0.29 versus the $0.02 forecast, led by a 22% surge in Data Center and AI revenue.
- The company secured a deal to provide 14A chip technology for Tesla’s Terafab AI project in Texas and invested $14.2B to regain full control of its Ireland manufacturing facility.
- Analysts have raised price targets to $111 following Intel's best single-day performance since 1987, signaling strong investor confidence in CEO Lip-Bu Tan’s operational pivot.